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Ricardo, 45 years of age, is married and blessed with two children. He has been growing corn for almost 25 years. At the last cropping, his net income was 8,000 PHP. He's asking for a loan of 25,000 PHP to purchase fertilizers and insecticides. He would like to maintain his relationship with Kiva lenders to request larger loans in the future so that he can grow his corn farm productively.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $7,000
    Average annual income
  • 1630
    View loans »
    Philippines Loans Fundraising
  • $60,717,100
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Ricardo to purchase fertilizers and insecticides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
May 12, 2011
May 30, 2011
Currency Exchange Loss:
Nov 18, 2011